Any other forum members made profits out of Snap's disappearing share price?
https://www.cnbc.com/2017/08/10/snapchat...-2017.html
https://www.cnbc.com/2017/08/10/snapchat...-2017.html
Quote:Quote:
The social media company reported worse-than-expected quarterly results on Thursday, with a loss that was steeper than expected and revenue that missed estimates, as it added fewer users than Wall Street anticipated.
Snap added 7 million daily users during the second quarter — a slower rate than the 8 million added in the first quarter.
Its shares fell 14 percent in premarket trading to $11.74, below the all-time intraday low of $11.91 set during regular trading on Aug. 3.
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Revenue: $181.7 million
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Losses also piled up during the quarter. In the three months ended in June, Snap posted a shortfall of $443.1 million, as costs rose across the board, especially in marketing, R&D and operations.